Costco: Managerial Accounting Practices

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Costco could use various managerial accounting practices at the store level to maximize profit and properly plan weekly, monthly, or yearly operations. Examples of managerial accounting that could apply to Costco are planning for capital and operating budgets, profit projections, cost estimates for project planning, and projections for vacation accruals. These reports could be valuable for Costco while determining financial direction at the store level. For example, projections for vacation accruals would help estimate future costs of vacation time taken over a period of time or profit projections could help while determining the capital and operating budgets. Examples of financial accounting that could apply to Costco globally are yearly cash
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